House prices have returned to pre-EU referendum levels in England and Wales, according to the Your Move House Price Index.

The agent recorded average prices in November at £295,276, up 0.1% on October and 3.1% year-on-year.

It brings prices back to the same value as they were in May, a month before the referendum.

However, the annual rate of growth continues to slow. House price inflation was at 3.1% in November, a fall from 3.1% in October and 3.9% in September.

The east of England remains the best performing region, with average prices up 6.6% over the year to £312,514, while London has very much lost its shine with growth at 0.1% year-on-year.

The firms estimated 77,500 sales in November, just a little below the recent average for the time of year.

Adrian Gill, director of Your Move and Reeds Rains estate agents, said: “House price growth has slowed again, but for all the talk of Brexit uncertainty, the main factor driving up prices in the housing market is still supply and demand.”